Saudi Arabia has made steps to improve the country’s business operating environment and push forward its modernisation initiative. The Kingdom recently lifted the driving ban on women drivers, ushering in a new period of anticipated job growth and economic improvements. Whilst this is expected to improve investor and business confidence in the country, we discuss here the potential risks associated with the Saudi Arabia’s volatile policy environment which is proving to be an enduring long-term trend.
Key points include:
- Economic impact of the lifting of the driving ban within the broader context of Crown Prince Mohammad bin Salman’s modernisation strategy
- Domestic tensions between conservative and modernising elements of the Saudi establishment
- Future trajectory of the Kingdom’s diversification strategy and the potential impact on businesses